10015 107 St - Storefront FOR SALE


Westlock, AB T7P 2K7
$4,320,000 CAD
604-630-0215
10015 107 St, Westlock, AB for Sale
$4,320,000 CAD
Storefront - FOR SALE
1/8
null | 7.25% Cap Rate

10015 107 St
Westlock, AB T7P 2K7


HIGHLIGHTS

  • Both tenants operate on NNN leases with limited landlord responsibilities, providing predictable and consistent cash flow.
  • The Shoppers Drug Mart lease includes a fixed rental increase to $23.00 PSF in December 2028, providing in-place income upside without leasing risk.
  • Pharmacy and healthcare retail continues to perform through economic cycles, supported by non-discretionary consumer demand.
  • Dynamite Vape & Smoke extended its 3,687 SF lease in June 2026, a full year ahead of expiry, securing the balance of the building through June 2032.
  • Shoppers Drug Mart has operated at the Subject Property since 2010 and extended its lease in 2025 through November 2030.

OVERVIEW

Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity to acquire 10015 107 Street, Westlock, Alberta (the "Subject Property"). The Subject Property is 100% leased and anchored by Shoppers Drug Mart, a subsidiary of Loblaw Companies Limited (TSX: L) and Canada's leading pharmacy retailer, which occupies over three-quarters of the leasable area. The balance of the building is leased to Dynamite Vape and Smoke on a recently renewed triple-net ("NNN") lease. Supported by secure lease commitments from both tenants, the Offering provides secure cash flow and longterm income stability backed by one of Canada's most recognized retail and healthcare brands. The Subject Property features a 15,586 SF retail building located approximately 90 kilometres north of Edmonton. The property is 100% leased to two tenants, with Shoppers Drug Mart serving as the anchor and Dynamite Vape and Smoke occupying the balance of the premises. Positioned immediately west of Highway 44 within Westlock's established retail and service node, the property benefits from strong visibility, convenient access, and a strategic location serving the community and surrounding trade area.

FOR SALE DETAILS

PRICE

$4,320,000 CAD

PRICE/SF

$277 CAD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shoppers Drug Mart

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

DTMU

APN/PARCEL ID

0015829468,0015829476,0015829484,0015829492

ASK ABOUT THIS PROPERTY

Jon BuckleyMarcus & MillichapMore Info
604-630-0215

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Jon BuckleyMarcus & MillichapMore Info
604-630-0215

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.